Mr Hegeman was one of the mavericks of speaker design. never got exposure or press like amar bose, richard shahinian, or others.
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This would be a real test for internet content. The Hegeman speakers were reviewed in Rolling Stone in 1974 (if my memory is serving me correctly). The reviewer's observations were very similar to yours and he concluded by writing to skip the concert, buy the speakers and stay at home and listen. The price for the speakers was in the $200 range. I do not quite know why this article has stuck with me after all these years, but I do remember talking with my dad about these speakers (he fixed stereos and other appliances).
I visited Don Morrison ("Morrison," as he likes to be called) in Toronto last year after making some deliveries to customers. Yes, he is a one man operation, an interesting chap, very nice if eccentric. Considering the modest associated equipment, I found his speakers to sound pretty darn good. Only in a more familiar setting with equipment I know would I be able to tell the strengths and limitations.
A friend of mine has a pair of the Morrison 1.5 speakers. I think they are at least 10 years old and probably more. I can't remember all the details of his system but I know he is driving them with a Citation II amp and uses a Counterpoint SA9 phono preamp with a Teres turntable. I was really shocked when I heard this system. Definitely among the best imaging I have heard (seen), right up there with the Linkwitz Orion and my Quad 57s. Bass was excellent, as already noted, but I thought the midrange was a little dry. Still, I could live with these speakers. I have not heard a pair of the newer Morrisons but I do know the price has gone way up - to about $5K or more.
These speakers do deserve greater attention. See Arthur Salvatore's website for more info.